Anglesey Mining Share Discussion Threads

[kooba] 27/7/2023 07:37

Seems they had further interest from investors following the last fundraise..on the same terms.I would imagine it gives them a runway to firming up some Northern Zone potential and getting to a FS with as much of a indicated resource as possible as that makes the economics of development look even stronger.Everything being done around Parys is to this end.The machinations of the other interests need a clearer road map to how the company intends demonstrating the value or how they can be monetised.The fact that pre development and production miners need funding to maximise the investment case should be no surprise to anyone who has ever invested in explorers , mining or oil..its what has to happen to prove the full potential value.

[klondykejohn] 26/7/2023 21:47

THE owners of Gberg could never get £100m to re-open their site.
Why do AYM believe that they can achieve this when they cannot get venture capitalists to invest in Parys.
There is just too much risk.
Another raise to take place early 2024. Juno to be protected again though.
What odds on this being a true penny share by next Spring?

[danmart2] 26/7/2023 20:41

Does anyone have the board of directors contact details?

[j5thumbs] 26/7/2023 19:54

GRANGX down another 8% today - closed st 35.2 today. WTF is going on there?

[danmart2] 26/7/2023 11:56

The old board where useless but somewhat conservative

The new ceo is a faker, the last 2 raises prove it to me

[trader465] 26/7/2023 09:50

Reasons for placings were in the RNS, funding for the same old boys club….

16/05/2023
Reasons for the Placing
* Commence drilling of the Northern Copper Zone at the Parys Mountain
* Continuing to advance the permitting and Environmental Impact and Social Assessment of the Parys Mountain mine
* Commence baseline studies for the Grängesberg Iron Ore Mine in Sweden; and
* General working capital purposes




25/07/2023
Reasons for the Placing
* Commence drilling of the Northern Copper Zone at the Parys Mountain
* Continuing to advance the permitting and Environmental Impact and Social Assessment of the Parys Mountain mine
* Commence baseline studies for the Grängesberg Iron Ore Mine in Sweden; and
* General working capital purposes

[wassapper] 26/7/2023 09:40

Maybe the reason for the placing is that they need it for immediate action on G-berg?

[kennyp52] 25/7/2023 21:33

At least the sales revenue will help .. hang on ..

[j5thumbs] 25/7/2023 16:21

At least they got the placing away at 1.5p - could have been worse.

GRANGX still sinking - down from 57 to 38.5 over the last month.

[sos100] 25/7/2023 14:05

Must have been desperate to do another placing so soon....

[trader465] 25/7/2023 12:58

Of course, Mr Varma was not involved in any decisions 🤣🤣🤣

“The person responsible for arranging for the release of this announcement on
behalf of Anglesey is Danesh Varma”



“The Directors of the Company, excluding Danesh Varma, having consulted with the
Company's Nominated Adviser, J&E Davy, consider that the terms of the
transaction are fair and reasonable insofar as shareholders are concerned”

[klondykejohn] 25/7/2023 12:47

They can`t even print corcect information about Juno debt.
Looks as if we owe £3,413,750million. Is this £3 billion plus???
I do know that Juno received just under 1m share free-gratis (reducing their debt).
Money in the old guys pocket and their share value is kept the same whilst ordinary shareholders will see a dilution.
What a mess this company is.
They should be looked at by the FSA

[trader465] 25/7/2023 12:31

17-May-2022
the total number of Ordinary Shares in the capital of the Company in issue will be 280,175,721


25-July-2023
the total number of Ordinary Shares in the capital of the Company in issue will be 420,093,017


As expected, AYM is advancing towards the 1 billion shares in issue at a fraction of a penny each. I’d say they raised now because they know the price will tank on release of annual financial report in September.

[trader465] 25/7/2023 08:57

Two placings within a couple of months for the same old reasons. Rinse and repeat….


Anglesey Mining PLC Proposed Placing and Subscription to raise circa £1m
16/05/2023
Reasons for the Placing
* Commence drilling of the Northern Copper Zone at the Parys Mountain copper/zinc/lead/silver/gold mine on the Isle of Anglesey in North Wales
* Continuing to advance the permitting and Environmental Impact and Social Assessment of the Parys Mountain mine

* Commence baseline studies for the Grängesberg Iron Ore Mine in Sweden; and

* General working capital purposes



Anglesey Mining Plc Proposed Placing to raise approximately £0.5m
25/07/2023
Reasons for the Placing
· Commence drilling of the Northern Copper Zone at Parys Mountain

· Continuing to advance the permitting and Environmental Impact and Social
Assessment of Parys Mountain

· Commence baseline studies for the Grängesberg Iron Ore Mine; and

· General working capital purposes

[klondykejohn] 25/7/2023 07:45

Another raise was exactly as some of us forecasted for this company.
This will not be the last.Expect another issue by early 2024.
The money pit just gets deeper and deeper.
Will the share price dip even further than current levels? Probably.
This is fast becoming a true junk share.

[trader465] 25/7/2023 07:21

How much cash has now been raised since Jo Battershill started? They’ve only drilled ten holes in two years with it.

It looks to me most of the cash is being poured in the corporate expenses trough for the pigs to feed on.

[trader465] 25/7/2023 07:07

All I see going on is dilution to pay down debt built up by Varma and Kearney at Grangersberg since 2007

[the_debt_collector] 25/7/2023 06:55

Big Jo doing what Big Jo does best, dilute - Mr Debt suggested the fellow was a spiv in one of his earlier posts on this thread, it is way past time this company actually delivered something meaningful instead of dilution and misery on its shareholder base.

He talked about acquiring 100% of Grängesberg within a few months in a interview at the start of the year, suggesting it could be sold or IPO'ed soon after, since then nothing.

The guy needs to get out of his bunker and explain.

[danmart2] 25/7/2023 06:38

Pathetic leadership

[trader465] 25/7/2023 06:37

Looks like I am right on this one.

Anglesey Mining Plc Proposed Placing to raise approximately £0.5m
25/07/2023 7:00am

[j5thumbs] 24/7/2023 23:42

Trader465. I hope you’re wrong, but I fear that you are right. I don’t see any data that justifies optimism here … just wishful thinking. I’ve mentally written off my entire holding. Maybe I’ll be proved wrong, but I very much doubt it,

[trader465] 24/7/2023 09:29

Losses will have ballooned since the last full year accounts as the financial year ends in March, therefore the last full year (March 2022) didn’t include a full year of all the snouts in the trough.

[kennyp52] 24/7/2023 09:21

Trader465 .. talk about stating the obvious .. AYM has no income .. but plenty of costs now 🤷‍a94;️